#Alibaba News

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Alibaba’s Koala Haigou Taps Blockchain for Supply Chain and Logistics

March 18, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Koala, the cross-border e-commerce marketplace acquired by Alibaba Group in September 2019, has adopted Ant Financial’s blockchain solution, to foster transparency in its supply chain and eliminate goods mismatch, according to a Sina Finance report on March 17, 2020. Alibaba Taps DLT for Product Traceability In a bid to significantly reduce...

Lolli Users Can Now ‘Stack Sats’ While Shopping on Alibaba

November 12, 2019 by Ashwath Balakrishnan at Bitcoin

Lolli, a bitcoin denominated rewards application, has partnered with e-commerce giant Alibaba to bring their customers the ability to earn a cashback in bitcoin on Alibaba's singles day. As the most intensive yearly online shopping festival, singles day poses a huge potential for Lolli users to buy goods at a...

Bitmark Receives $3 Million Investment Led by HTC Alibaba

September 4, 2019 by Ashwath Balakrishnan at Blockchain

Property rights firm Bitmark has closed a $3 million Series A round of investment led by HTC and Alibaba amongst others. As per a press release, September 3, 2019, the freshly raised money will be used to fund sales and marketing efforts for the company. Other investors include WI Harper...

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Tech and Banking Giants First to Receive China’s Sovereign Cryptocurrency

August 28, 2019 by Ashwath Balakrishnan at Altcoins

Alibaba, Tencent, Union Pay, and other large financial institutions are reported to be the the first receivers of China's sovereign cryptocurrency initiative, as per Forbes, August 27, 2019. Paul Schulte, the ex-head of global financial strategy at the China Construction Bank is the main spruce behind the information. A second...

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Facebook’s WhatsApp to Launch Payment Service in Indonesia

August 21, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Facebook the highly controversial social media giant developing the Libra global stablecoin, is in talks with Indonesian digital payment platforms and fintech firms to enable it to launch a WhatsApp-based mobile payments service in the region, reports Reuters on August 20, 2019. Facebook Interested in Indonesia In a bid to...

Alibaba to Integrate Blockchain in Intellectual Property Protection Platform

May 26, 2019 by Mohammad Musharraf at Adoption

Chinese Internet company Alibaba announced that it would be revising the security of its Intellectual Property Protection system for global enterprises and brands. The revision includes the integration of blockchain technology, reported local news outlet Sohu on May 23, 2019. Digital Copyright Protection While cryptocurrencies still struggle to gain grounds...

Alibaba Gains Victory In Lawsuit Against ABBC

March 13, 2019 by Tokoni Uti at Business, News, Platform

After being sued by Alibaba for making use of the name Alibabacoin to raise $3.5 million in funding, it was announced in a post from Reuters March 12, 2019, that ABBC coin has conceded to stop using the name. What’s In a Name? While the blockchain and crypto industry is...

Chinese Internet Giant Alibaba Launches Blockchain Subsidiaries

March 9, 2019 by Neil at Adoption, Blockchain, Business, News

Alibaba, one of the most respected multinational companies out of China that operates in over 200 countries, has announced that two blockchain subsidiaries will now operate under the company. This according to a report from Asia Times, March 8, 2019. Blockchain Hotspot By now, if you are either a cryptocurrency...

IBM to Develop a Blockchain-Based Solution for Scientific Researchers

November 13, 2018 by Nuno Menezes at Blockchain, Business, News

IBM revealed it was developing a blockchain-based system allowing a dynamic cooperation between scientific researchers beyond institutional borders and outside interference. Breaking down Barriers IBM is one of the leading computer and software technologies in the world pushing innovation by quickly developing blockchain solutions. In this most recent turn, the...

Is Chinese Alibaba Group going to aquire Alibabacoin (ABBC)?

October 19, 2018 by Shaurya Malwa at Press Releases

Alibabacoin Foundation and China’s Alibaba Holding Group is having a dispute over trademark licenses in the Manhattan court of the United States of America. Alibabacoin Foundation CEO, Jason Daniel Paul Phillip stated that Alibabacoin Foundation offered a settlement to Alibaba Group Holdings a month ago. In response while looking at...

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